The Silver Bugle: October 2012

mil SILVIEK 13UG Ll£

Post Office Box 75
Tatamy PA 18085-0075

wmv.thesilverbugle. com

OCTOBER 2012
VOLUME 28 NO. 5

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INTERNATIONAL ASSOCIATION
OF SILVER ART COLLECTORS
Established 1985

OFFICERS

NANCY YEE-Seattle WA-President
DOUG JENNINGS-Petersburg MI -Vice President
JOSEPH MARKULICS - Tatamy PA-Secretary-Treasurer
HARVEY CHEW-Seattle WA-Historian

BOARD OF TRUSTEES

JIM BEST - Lakeland FL . PHYLLIS CLANIN-Marion IN
RANDY RUSH - Summerville GA. MIKE SPROUSE - Cape Giradeau MO
WALTER THOMAS-Caledonia WI

The LASAC newsletter ‘The Silver Bugle' is published six times/year in February, April,
June, August, October and December. News items, articles and photographs pertaining
to art bars and rounds are welcome. However, unsolicited material cannot be acknowl¬
edged nor returned unless accompanied by a postpaid, self-addressed envelope. Opinions
expressed in articles published in ‘The Silver Bugle’ are those of the author(s) and do not
necessarily represent the views of the IASAC.

‘The Silver Bugle’ accepts advertisements for silver bar and round hobby-related items.
The IASAC and advertisers are not responsible for typographical errors that may appear
in prices or descriptions in advertisements.

THE ADVERTISING DEADLINE IS THE 10th OF THE MONTH PRECEDING PUB¬
LICATION. ADVERTISEMENTS RECEIVED AFTER THE POSTED DEADLINE WILL
BE HELD UNTIL THE NEXT PUBLICATION

ADVERTISING RATES for camera ready Display ads &
Classified word ads are:

Full Pages - $25 (Non-profit dub rate-$15, Non-Member $37.50)
Halt Page - $15 (Non-member $22.50)

Quarter Page - $10 (Non-member $15)

Classified Ad - 25 Cents/word

Members receive one FREE 25-word classified ad with new membership and
ON TIME renewal, redeemable at any time during the year.

Send all advertisements, with payment, to the Editor at:
P.O. Box 28415 Seattle, WA 98118-8415

The Next Advertising Deadline is: November 10, 2012

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President’s

Page

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GREETINGS!

A

Our Seattle summer continues, and we
nearly tied a record of 51 consecutive days with¬
out rain, set back in 1951. The streak ended at 48
days on September 10th, but quickly reverted to
sunshine. It’s another 80-degree day and I'm not
complaining. It's perfect for my afternoon swim
until the pool closes on September 22nd. After
that the last of the lifeguards head back to college,
and I’ll need to find some other form of exercise
until spring.

We had great weather in Dalton last month, in spite of a
downpour on the day I left! It was a good show with a fair amount
of foot traffic. Doug Jennings and Randy Rush hit it off and became
fast friends. They did the majority of work behind the club table, and
‘silver-tongued’ Doug signed up some new members with his sidekick
Randy, who had us all in stitches for most of the weekend. Since he
has such a great sense of humor I have given Randy the job of doing
the humor page (renamed 'The Funny Bone’), beginning with this is¬
sue. It’s full of redneck definitions-some southern humor appropriate
for our recap of Dalton!

In other news, Doug is going to start doing the Brain Teaser.

Jim Best will continue with press releases and Wally Thomas will con¬
tribute to ‘New Issues' for the Bugle. Ooops...just heard from Doug
and he’f having computer problems again. He’ll take over Brain Teas¬
ers in December, so this last one’s on me!

On Friday in Dalton, I took the opportunity to go sightseeing
and toured the second oldest home in the city, the Blunt House. It was
on the shady side of Thornton Avenue, the address of many beautiful
old homes. The house was built for Ainsworth E. Blunt who served as
the first mayor, postmaster and founding elder of the First Presbyte¬
rian Church. He owned and operated a mercantile business in Dalton
with John H. King. The home was chock-a-block with artifacts dat¬
ing back to the year it was built in 1848. Blunt House also served as a
hospital during the Civil War, and though many homes were destroyed
during the war, this one survived and was held in the family until 1978
when it was turned over to the local historical society. 1 learned an
interesting tidbit of information about Dalton while touring the Blunt
House. The carpet industry began when a woman made a chenille
bedspread as a wedding gift, and from that humble beginning, Dalton
became known as the ‘Carpet Capitol of the World.’ Unfortunately,

Peacock Alley, featuring many carpet-related shops, burned to the
ground several years ago and hasn’t been rebuilt.

A small group of us had dinner on Friday night at ‘The Dalton
Depot’ a brick train station completed in 1858 and witness to the Great
Locomotive Chase of 1862. The building was added to the National

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Register of Historic Places in 1978, several years before the Blunt
House was listed. We were serenaded by a cacophony of crickets and
tree frogs on the drive back to our various motels.

Back to the coin show....Al Lacy arrived on Saturday, having
been detained the day before because he was witness to an accident
on the Interstate. Luckily he & his vehicle were unharmed. He spent
a good deal of time helping at the club table. Member Chris Outlaw
of Chattanooga spent time circling the bourse, scouting out treasure,
and came up with a couple of interesting items, the most impressive of
which was a belt buckle made from four silver bars that were soldered
together: Father's Day 1973 (MLM-38), Secretariat (COL-18C), Go-Go
Girl (CEM-46) and Labor Day 1973 (CEM-47C). Chris also found a
HAM-218 Child’s Christmas Memory and was the high bidder for the
bronze version we had in our auction. When Randy Rush heard there
was another serious bidder, he donated a second bronze.

Prior to our meeting on Saturday afternoon, Jim Best gave a
well-received talk entitled “Silver Bullion versus Silver Art Bar/Round
Collecting.” Leslie Bellew and I stayed back to watch the club table
and caught up on the news since we’d last seen each other in Chicago.

A man named Bill Snyder stopped by and joined the conversation. An
article he wrote on silver prices is printed in this issue. We’d love to
have you as a member, Bill!

In addition to those already mentioned, there were many other
members attending our meeting, including Bruce & Pam Holland,

Larry Bellew, Carrie Best, Joseph Markulics 8c Amy Geyer, Mike 8c
Debbie Sprouse, Walter 8c Eda Thomas and Randy’s charming wife Te¬
resa. Member Vernon Weaver and his wife Glenda were busy at their
table (Southern Coin Brokers), and didn’t attend the meeting, but we
did have time to chat several times over the course of the weekend.

Most all of us enjoyed dinner on Saturday at the Oakwood
Cafe, and afterwards about half the group strolled over to the Sweet
Spot on the corner of Hamilton 8c Morris for dessert of frozen yogurt.

1 would highly recommend the salted caramel flavor!

One item that I failed to add to the agenda at our meeting
was the awarding of ten-year pins to Larry Pung, Jim Zanetti, George
Schaetzle, James Drenon, Alan Robinson and Bill Haffner. Congratu¬
lations to all and thank you for your continued support of IASAC!

At our board meeting prior to the general meeting, we de¬
cided on Portland, Oregon for our 2013 club convention. We’ll have
more to report on this in the next Bugle, since the date for next year’s
fall PNNA (Pacific NW Numis. Assn.) show will not be set for sev¬
eral more weeks. We do know that the show will again be held at
the Double Tree Hotel, Lloyd Center. It’s a convenient location with
shopping across the street, and on the light rail line for easy access to
downtown. My husband Rob 8c I did some research this past weekend
on places to go after the meeting! If you like oysters. Long Beach,
Washington is for you. We had the best chowder we'd ever eaten, and
award winning pan fried oysters! And the beach truly is the worlds
longest.

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Backtracking, upon my return home from Dalton, I got all the
rounds in the mail, including the ‘thank you’ bronzes to everyone who
contributed to the newsletter in the past year. As usual, the register
tape was around 12-15’ long! .If you haven't already returned the post¬
card you received with your round, please send it back so I’ll know it
arrived okay. Some of you send comments on the cards, and it’s always
fun to read them. Please see the 'Mailbag' for some of this year’s re¬
sponses.

I had a phone call from )an Henke who had heard from Lou
Kretovics' daughter Kay Lynn Maiesky. She notified Jan that Lou
passed away on September 7. Lou and his wife Alice, who passed
away a couple years ago, attended several of our club meetings in the
1990s and Lou served as a Trustee of the club as well. He also wrote a
regular column in the Bugle during those years. Our condolences have
been sent to Lou’s family.

Former club member Doug Gunter contacted me recently, and
he has sold the club a few of his IASAC bars, which are now listed in
the club store. Former Trustee Patti Finner has sent a donation of club
bronzes which will be added to the prize kitty for Brain Teasers and
Ivan L. Rash has donated two bronzes which you’ll see listed in a ‘mini
auction.’ Ivan also sent a disc with a copy of his sold out book about
the Rainbow Mint. The disc is available for ‘check-out’ from our lend¬
ing library.

Last, but not least, one major piece of news comes from the
Dalton meeting. The board approved a new award which will honor J.
Archie Kidd and Steve M. Rood. The full text of the award is printed
here.

International Association of Silver Art Collectors

J. Archie Kidd & Steve M. Rood Award • Established August 2012

Purpose: To honor J. Archie Kidd who published & Steve M. Rood
who cataloged and edited the series of guidebooks which are at the
core of the silver art hobby. The intent of this award will be to focus
on writing, to continue the education of IASAC members about the
history and evolution of the art bar/round collecting hobby.

Hou : The Officers and Trustees shall decide on one or two topics
each year and members will be notified via The Silver Bugle, the club
newsletter.

• Articles to be submitted by a specified deadline and subject to gram¬
matical review by a select committee, prior to publication. At least
one member of the Kidd or Rood families shall be invited to be on the
review committee.

• One article per IASAC member per year.

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• All articles become the property of 1ASAC, and will be published
without bylines to avoid favoritism.

• There shall be no limit on the length of the articles, but they must
till at least one page, according to the format of the Bugle.

• All club members, except for junior members, are eligible to partici¬
pate.

• Depending on the numbers of articles received, a special issue of
The Silver Bugle may replace one of the six regular issues. This spe¬
cial newsletter will include all articles submitted for competition and
a ballot. Members will be asked to read and evaluate and select their
first, second & third choices. Ballots may either be mailed or emailed
to the Secretary-Treasurer.

• Prizes will be awarded at the annual club convention.

Prizes: A simple round with the words: TASAC, J. Archie Kidd & Steve
M. Rood Award' along with an inkwell & quill pen (similar to the one
Archie used for his President’s Page and Nancy continues to use), and
‘Established 2012.’ A die for something simple like this will be around
$400-500. The back would be blank to allow for engraving recipients’
names.

• First place to receive a gold-plated silver round. In the event of a
tie, two or more first prizes may be awarded.

• Second place to receive a silver round. In the event of a tie, two or
more second place prizes may be awarded.

• All other entrants will receive an antique bronze round.

Nancy Yee, Doug Jennings, Joe Markulics and Harvey Chew partici¬
pated on this committee.

The board is in the process of selecting topics for the articles
and they will be announced in the next issue of The Silver Bugle.

Here's another important note: The board also decided against
raising dues at this time, because of increased production costs for the
Bugle. You can do your part by sending your dues in ON TIME (by the
end of January, or preferably earlier)!! It’s added time and cost if we
have to continually send reminders. Please make our volunteer jobs
easier by being prompt. Thanks. And pardon my rant.

Sorry for the length of this column. I guess there was more
to catch you up on than I realized. Anyhow, that’s about it from here.
Until next time,

fifa/iCy Yee

iasacnancy@comcast.net

IASAC STORE

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1 his listing is for current items on hand. There is a limit of one/member for any
variety except the 2012 round. All orders subject to prior sale. If you are inter¬
ested in selling your bars/ rounds back to the club, please email
iasacnancygicomcast.net or write to the address at the bottom of this page.
Thanks for supporting IASAC!

IASAC-1 First Convention, 1ASBC (bar), serial #014 $90

LASAC-3 1986 Liberty (bar), serial #183 (mintage 88) $105

IASAC- 11 IASAC Tenth Anniversary, serial #229 $85

IASAC- 1 1 B IASAC Tenth Anniversary, bronze, no serial # $ 1 5

LASAC-16 2000 Sacramento or Bust (round)

1 Antique Bronze postal cover, no serial# $12

LASAC-20 2004 Dalton Convention

1 Enameled Silverserial #d $65

2 Antique Bronze no serial # $12 each

LASAC-23 2007 Indianapolis Race Car (bar)

Antique Bronze no serial # $ 7 each

IASAC-24 2008 Baltimore Crab Cake (round)

Antique Bronze no serial # $ 8 each

LASAC-25 2009 Los Angeles Convention (bar)

Antique Bronze no serial # $ 8 each

LASAC-26 2010 Las Vegas Convention (round)

Antique Bronze no serial # $ 6 each

LASAC-27 201 1 Chicago Convention (bar)

Antique Bronze no serial # $ 7 each

LASAC-28 Everything’s Just Peachy (round), 2012 Convention

.999 fine silver, serial #d $50 each

.999 fine silver, enameled, serial #d $65 each

Serial #d sets, silver & enameled $ 1 1 0

Antique Bronze no serial # $ 6 each

IASAC Bottle Cap Key Chain, free, you pay postage $ 1 each

LASAC Bottle Cap Magnet, ltd. edition of 50, postpaid $ 5 each

IASAC Ten-year pin, enameled, postpaid $10 each

IASAC T-shirts, royal blue, sizes S-M-L, postpaid $15 each

Please add $5 postage & insurance for one or two items/$6 for three or more.

Mail to: IASAC, P.O. Box 28415, Seattle WA 98118-8415.

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V.P. Corner

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By Duug Jennings

I keep a daily diary to help me remember what I did that day
and to prove to my wife that I do some things around our house. While
the Dalton convention and LASAC meeting are only a month in the past,
all the great ideas 1 had at the time for future articles gathered then were
written on a piece of paper which I cannot find at present. So, here it goes
trying to describe the sights, sounds, and impressions of 1ASAC at Dal¬
ton, GA from my memory.

The location was beautiful! For a flat-lander like me, hills and
mountains are a gorgeous sight. The convention venue was very well
arranged and easy to navigate. I was a bit disappointed at the perceived at¬
tendance and floor traffic. I don’t know if the general state of the economy
affected the turn-out, or because of the size of the bourse floor, patrons
were more spread out through the aisles. There didn’t seem to be any
waiting lines at dealers’ tables.

There was a great diversity in what was offered at the various
tables. I spent most of my time at the IASAC table which Jim and Car¬
rie Best had obtained for us. It was a good spot back by where the food
station and restrooms were located. Even though I didn’t spend much
time prowling the bourse floor, my new “scout,” Randy Rush did a lot of
looking for enameled pieces for me. Thank you, Randy, for the ones you
located. Once again, either you like enamels or you don’t. I do!

The first piece Randy found for me was a Morgan dollar, 1890-P,
that was enameled on both sides. Now there’s good enameling and BAD
enameling. This was BEAUTIFUL! I would offer it to my wife to wear in a
bezel as a necklace, but that isn’t going to happen. She doesn’t make me go
to home and garden tours, and I don’t make her go to car and coin shows.
Last week on September 1 1 th, we celebrated our 4 1 st anniversary so I
guess we’re doing something right. (Plus she has the patience of a saint.

No, make that SAINT!) Some other enameled pieces that Randy found
for me were “To Someone Special” and a 38th Super Bowl with gold high¬
lighting. [Just a side bar here concerning bourse manners and etiquette.

One of the dealers had some carvings made from petrified wood which
had come from Indonesia. There was another dealer speaking with the
table’s dealer about this and that. 1 waited awhile before I asked politely
for information on the petrified wood carvings. I’m pretty sure I would
have bought one of the pieces because of its unique qualities and subject
matter. The dealer who had been doing the chit-chatting asked me what I
collected. I remarked that I now mainly collect “just” AR art bars/rounds,
tokens, enamels, and medals. He proceeded to tell me that I shouldn’t use
“just” to describe what I collect which leads to a lecture from him on the

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English language. Between his lecture and actions, he cost another dealer
a sale. So in conclusion, if you’re not the selling dealer, “just” sit there and
be quiet!]

Now what 1 didn’t find on the bourse floor was something that
one of our 1ASAC members, Chris Outlaw, did discover. It was a fascinat¬
ing belt buckle made out of 4 legitimate .999 AR art bars. Here’s where my
lack of notes comes in. I jotted down the 4 bars that were used to make
the belt buckle. Two of the bars were cancelled bars, but 1 forget what they
were. Needless to say, Chris was ecstatic about his find. He should be. If
my belly didn’t hang over my belt so much, 1 would have offered to buy it
from him. 1 know some of the other members found some pieces for their
collections also.

At the club meeting, some of our IASAC members brought pieces
to sell. The club meeting was well attended. For those of you that couldn’t
attend, you missed out on the 1974 MEM Tringot Christmas tree set, and
for you Ford lovers, there were complete sets of those also.

A big “THANK YOU!” to all of you that donated items for the
club auction. I wound up with a “Watergate” money clip and an enameled
piece from the auction. Also, for the first time I was the auctioneer. I hope
those of you in attendance enjoyed the proceedings.

On Friday and Saturday nights, IASAC members got together to
enjoy dinner together. Both nights were filled with good food and enter¬
taining conversations. I had a great time at both eating establishments
and found myself laughing a lot at some of the topics of discussion.

After helping to add new member to our membership rolls
(Welcome!), sharing stories with other members at our table, getting to
meet some of the IASAC members that stopped by the table to say “Hello”
and introduce themselves, and packing up on Sunday, I hit the road on
1-75 and headed north to Michigan. Unfortunately, after just crossing into
KY, there was a fatal accident that tied up traffic for 1 1/2 to 2 hours. This
was a bit south of Corbin, KY and none of my Kentucky maps showed
any alternate routes to by-pass the accident. I pulled into my driveway at
1 :00 a.m. Monday morning. Glad to be home, but looking forward to our
meeting in Portland, OR next year. Hope to see you there.

In closing, I did receive some sad news yesterday from Paul
Pelissier in regards to his father. Bill Pelissier, passing away. Bill was one
of those members I didn’t have the pleasure of meeting face to face, but I
had enjoyed speaking with Bill on the telephone. I prefer the sound of the
human voice to the hard copy of the email printed word.

Take good care and keep collecting what you like!

2>ef>uty

734-279-1728

doug_jennings@hotmail.com

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Treasury Update

Previous Balance
Income

Membership / Renewals
Club Store Sales
2012 Round Sales
Convention Auction

Expenses

Postage

Stationary / Photocopies

Club Store Inventory Purchase

Website - 3 yr. Domain / 1 mo. Webhost

2012 Round Supplies - Airtites / Coin Flips

Convention Meeting Refreshments

Convention Secure Silver Transport

Publishing The Silver Bugle - August 2012 (Vol. 28.4)

New Balance

$8,647.27

$19500

$96.00

$51316

$611.47

$1,415-63

S467.21

$106.32

$95.00

$48.85

$353-75

$95-49

S78.00

$733-94

$1,978.56

$8,084.34

We are very grateful to the following members for their generous donations
Doug Vining, Randy Rush, Donald Eubanks, and Patti Finner

Welcome - New Members

886

Craig Scianna

(Steffen)

Connecticut

887

Steve Garvin

(Jennings)

Michigan

888

Mike Ellis

(Rush)

Georgia

889

James F. Ford, Jr.

(Jennings/Rush)

Tennessee

890

Rebecca Yarbrough

(Jennings)

Georgia

891

Clifton Sanderson

(Website)

Kentucky

892

John Compton

(Rush)

Georgia

893

Mike Woodard

(Rush)

Georgia

894

Bruce W. Carlson

(Yee)

Michigan

Mail Inquires / Membership Applications to the following address...
IASAC Secretary-Treasurer
PO Box 75

Tatamy, PA 18085-0075

232 copies of this Newsletter have been mailed to members

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Silver, Its Ups and Downs

By Bill Snyder

In 1964, American dimes, quarters and half dollars were 90% pure silver. The
World price of silver was $ 1.2393/ounce.

Our government’s reserves of silver were dwindling. It was decided to remove
all silver from our coinage. This was done for all Dimes and Quarters beginning
in 1965. (Half Dollars were the exception. These continued to contain silver for a
few more years (but a reduced purity)).

In early 1965, a fellow in a small town in south central Tennessee was appar¬
ently watching the world price of silver beginning to climb. He purchased a set
of silver bars from a bank in Canada. It was a nice little set, neatly packaged in a
custom plastic holder. His total cost (including postage) for the 29 ounces of .999
silver was $57.50 (American dollars), or $1 .9828/ounce.

Over the years, he watched the World price of silver go up. He made little
notations on his box over the years. Such as -

“29x 7.30 = $21 1.70”

“Sept. 28, 1979 $461.39”

“29oz @29.75 Dec. 31, 1979 $848.25”

(Fast forward)

In 1998, the gentleman passed away. At that time, World silver was at $5,549.

The value of his silver bars had gone from $57.50 to over $848 to about $160.
Moral

I leave this to the reader).

Note: His silver bars were stamped with a Canadian maple leaf and the letters
“JMC” (Johnson Matthey Ltd was, at the time, the largest producer of silver in
Canada).

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NEW ISSUES

Chris Geiner has two more issues from his CMG Mint. One is the adult-
themed Santa Beauty. The Highway to Hell was co-designed with fellow
IASAC member Marc Brewton, whose initials are at lower left on the
obverse.

Both bars are .999 fine silver and 25 of each were issued in plain silver
and enameled silver. There is a smaller issue of 10 in antique bronze. The
plain silver is priced at $60 and a set of plain & enameled is $120. Bronze
is $10. Please add $3.50 shipping to all orders. For more information,
email goldnugget86@aol.com or phone 419-279-3283.

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DALTON SCRAPBOOK

Right: Pam Holland, Larry Bellew &
Nancy Ye e visit at the club table.

This group photo at the meeting was taken by a professional photographer who happened
to be working across the hall at a beauty pageant. Standing: Amy Geyer. Al Lacy, Walter
Thomas, Debbie & Mike Sprouse, Larry & Leslie Bellew, Pam Holland. Chris Outlaw, Bruce
Holland, Teresa & Randy Rush. Seated: Eda Thomas, Nancy Yee, Joseph Markulics & Doug
Jennings.

Left: Doug Jennings pres¬
ents a 2012 round to Grant
Campbell, president of the
Blue Ridge Numismatic
Association in apprecia¬
tion of their invitation to
host IASAC at the show in
Dalton.

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Above: Jim Best presents Nancy Yee with the first strike of this year’s round for her winning
design for ‘Everything’s Just Peachy.' Below: Walter Thomas presents a gold-plated 'Con¬
gratulations' bar to Joe Markulics for winning the 'Price of Silver’ contest while Mike Sprouse
looks on.

Below, Left : This belt buckle with four old bars was the major 'find' at the show. Chris Out¬
law was the happy camper! Below, Right: The reverse of the belt buckle is also shown.

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Bottom, Left: A trading session was held after the general meeting. Randy Rush had many
items for sale. Here Wally Thpmas, Joe Markulics, Chris Outlaw & Al Lacy check things out
while Mike Sprouse also takes a look. Bottom, Right: Getting acquainted after the meeting
are Larry Bellew and foe Markulics and his fiancee, Amy Geyer.

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Left: On Saturday night outside
the Oakwood Cafe in downtown
Dalton, a kindly waiter took this
photo of our group. Luckily there
wasn’t much traffic because he
was standing at the middle of an
intersection. From l-r: Debbie &
Mike Sprouse, Al Lacy, Bruce &
Pam Holland, Carrie Best, Nancy
Yee, Randy & Theresa Rush, Wal¬
ter & Eda Thomas, Jim Best, Doug
Jennings, Leslie & Larry Bellew,

Right: Renewing their acquain¬
tances are Bruce & Pam Holland
and Debbie & Mike Sprouse.

Right: A smaller group of us
had dinner at The Dalton Depot
on Friday night. The old train
station was built in 1858 and
is one of the oldest buildings in
town, l-r: Doug Jennings, Debbie
& Mike Sprouse, Wally Thomas,
Randy & Teresa Rush.

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Above: Manly jail Works, one of the historic red brick buildings in downtown Dalton.

Left: VP Doug Jennings & Trustee Randy Rush bonded & became best buddies at the show.

Right: Walter & Eda Thomas are shown here with Al Lacy at the Oakwood Cade on
Saturday night.

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Above, Left: Old friends Carrie Best, Teresa & Randy Rush and Jim Best reconnect, they first
met at the Dalton show in 2004. Above, Right: Club member Wayne Weaver took a break
from manning his table on the bourse to visit on Sunday morning with Doug Jennings.

19

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Annual LASAC Convention Meeting Minutes

at the

Blue Ridge Numismatic Association
53rd Annual Convention

Saturday August 18, 2012
3:00 pm

Recorded by Secretary-Treasurer, Joseph Markulics

The annual meeting was called to order around 3:10 by President Nancy Yee, who
introduced herself, welcomed everyone, reminded members to sign the attendance
and also accept their 2012 bronze LASAC round for coming out to participate.

Vice President Doug Jennings proceeded by formally presenting a 2012 IASAC silver
round, along with a photo opportunity, to our host President Grant Campbell of the
Blue Ridge Numismatic Association in appreciation for allowing our organization to
participate in the convention.

Further introduction of Officers, Trustees, Members and Guests continued including
Vice President Doug Jennings, Secretary-Treasurer Joseph Markulics, Mike Sprouse,
Randy Rush, Teresa Rush, Walter Thomas, Eda Thomas, A1 Lacy, Debbie Sprouse,
Amy Geyer, Larry Bellew, Leslie Bellew, Chris Outlaw, Jim Best, Carrie Best, Bruce
Holland and Pam Holland.

Vice President Doug Jennings remarks followed personal introductions. He was able
to convey in a very comedic manner his appreciation for member attendance,
President Nancy Yee’s superb management of club affairs and the quality of the 2012
IASAC round. It was quite compelling to witness his unrivaled morale for silver
collecting, the future of our club and the silver art hobby.

Secretary-Treasurer Joseph Markulics, although nervous toward public speaking
mustered enough courage to discuss the August 19, 2011 Illinois Convention meeting
minutes. Copies were provided to members for review and a motion was made to
accept the minutes as depicted. The motion was seconded by Randy Rush and the
remaining members voted unanimously to accept. Discussion proceeded with a
Treasury' Report, stating The Silver Bugle Treasury Update has been consistently
maintained and is available in each edition of the newsletter for members review. At
that time there were only a few outstanding items regarding postage and convention
expenses. The topic was then redirected toward our club newsletter The Silver Bugle,
Steve Kidd has been handling the printing and mailing of current copies. Everyone
has been satisfied with his performance. However, the cost involved has been greater
than originally anticipated. An issue currently costs on average $700.00-$800.00.
Although not a reason to panic, it is a concern that will need to be reevaluated in the
future. Another attendance sheet was then passed amongst members who could
attend a dinner at the Oakwood Cafe. Of the 18 members present for the convention,
17 members were able to attend the dinner party.

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17 members were able to attend the dinner part)'.

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President Nanc>' Yee was able to discuss the 2012 LASAC round, stating the mintage
was 140 silver versions and 70 enameled versions. Round sales are typically less than
bars and this year in not unusual. Sales have been similar to previous years. She also
took time to mention receiving comments regarding the design, all of which were in
high regards and appreciated.

The presentation of prizes and awards followed, performed by Jim Best and Walter
Thomas, who also distributed the 2012 LASAC rounds to members who were present.
The first presentation was the 20x2 annual design contest, which was presented to
Nancy Yee for the “Everything's Just Peachy” design. She was presented with a First
Strike award, consisting of a triple zero serial numbered silver edition. The next
presentation was for the Price of Silver contest, the actual closing price of silver was
$27.49. First place was a gold-plated “Congratulations” bar, awarded to Joseph
Markulics for a submission of S27.80 for a difference of 31 cents. Second place was a
silver “Congratulations” bar, awarded to AJ Lacy for a submission of $28.13 and
difference of sixty-four cents. The Membership Drive award followed. First place was
awarded to Doug Jennings for his referral of six members. He was also presented a
gold-plated “Congratulations” bar. Second place was awarded to Ralph Steffen, who
received a silver “Congratulations" bar. Officer & Trustee recognition bars were then
distributed to those present, others were mailed directly. The Duane Spellman award
w'as the last award presented, this year it was awarded to Doug Jennings for his
devotion and work ethic regarding club events, not to mention his self-sacrificing
persistence and dedication toward educating and preserving the silver art hobby.

New business items included the nomination and election of trustees. A group vote
was conducted and the following trustees were sworn in at the close of business
Walter Thomas, Jim Best, Mike Sprouse and Randy Rush. Phyllis Clanin, who is also
a trustee, was unable to attend the convention to take part in the swearing in
ceremony. Portland, Oregon was then announced as the agreed upon convention
location for 2013, additional information will be provided when available. The
current cost of dues was also mentioned, but no comment or suggestions were
declared, so it was agreed cost of membership will remain $i5/year for renewal. This
discussion may be revisited at a later time.

Last item open for comment was the introduction of an award in memory of J. Archie
Kidd and Steve M. Rood, who were very much involved in the editing and creation of
the Silver Art Bar series of guidebooks. The competition will consist of a writing
contest. A different topic will be chosen each year and active members may
participate by submitting a self-written article related to the topic. Participation will
grant the rights of the author to the LASAC. Ideas regarding topics were requested
from members, however being such a sentimental award additional time was
requested to compose individual thoughts.

After a final request for comment or additional concerns of members went unfilled,
the official sound of the gavel was heard and the 2012 LASAC convention was
adjourned around 3:45. A live auction was then executed by Doug Jennings and a
brief group photo opportunity was taken before members decided to leave at their
own discretion.

J

V.

21

Enjoy the world
of silver art.

We Buy & Sell Silver

Art Bars • Ingots • Bullion • Rounds

R and L Enterprise

Midwest Precious Metals

Phone 260-820-1261 • Fax 260-565-3134
Email randl@adamswells.com • P.O. Box 422 • Bluffton, IN 46714

www.stores.ebay.com/R-and-L-Silver-Art-Bar-Collectibles

The Funny Bone

by Kandy Rush

How to speak country or redneck!!

1. The engines runnin’ but ain’t nobody driving =

Not overly intelligent.

2. As welcome as a skunk at a lawn party (self -explanatory).

3. Tighter than bark on a tree= Not very generous.

4. Big hat, no cattle =A11 talk no action.

5. We’ve howdied but we ain’t shook yet = We’ve made a brief
acquaintance, but not been formally introduced.

6. He thinks the sun come up just to hear him crow =

He has a pretty high opinion of himself.

7. She’s got tongue enough for ten rows of teeth =

That woman can talk.

8. It’s so dry the trees are bribin’ the dogs =

We really could use a little rain around here.

9. Just because a chicken has wings doesn’t mean it can fly =
Appearances can be deceptive.

10. This ain’t my first rodeo = I’ve been around awhile.

11. He looks like the dog’s been keepin’ him under the porch =

Not the most handsome of men.

12. They ate supper before they said grace = Living in sin.

13. Time to paint your butt white and run with the antelope =

Stop arguing and do as you’re told

14. As full of wind as a corn-eating horse = prone to boasting.

15. You can put your boots in the oven, but that doesn’t make them
biscuits= You can say whatever you want about something,

but that doesn’t change what it is.

Funny Bone11

( ‘ ; “n

Notes from Nancy’s Mailbag .

We receive friendly greetings and questions from members and others. Here is a
sampling of that correspondence.

Bill Haffner writes, “I’m sending you my dues for next year. 1 want to be the first
one this year. Ha!”

Sorry, Bill. Ed Lantz beat you to the punch! He included his dues with his
round order.

Bill also notes, “Weather has been nice here lately. My lawn is green again.” And,
in another letter, Bill says, “The enameled Dalton is awesome. Silver Towne did a
great job.”

John Daino writes, “Have fun in Dalton!! I hope to go to the next meeting.”

Doug Vining says, “I cannot make the convention this year, but wanted to wish
everyone a safe and successful trip. Thank you, the board members & trustees
and everyone involved in the club.”

Larry Pung writes, “I’ve kept it secret until now, but it is my wife that does the
Brain Teasers for me. She isn’t happy when I forget to send them in. Thank you
for the 10 year pin and the signed certificate. P.S. The rounds are a good addi¬
tion to my collection.”

Mark Abitz writes, “Thanks for the bronze round; I like it. Enclosed is an article
you might want to make IASAC members aware of. It was in my Numismatic
News magazine. My new business card is also enclosed. Byron & Son is in Aber¬
deen (Washington) on the main drag to Ocean Shores. We take in a lot of silver
rounds & rectangles. Would like to meet fellow IASAC members if they are pass¬
ing thru. We also have to watch for counterfeit coins from all over the world. We
have a dozen or so silver dollar size foreign coins that are fake. I think I might
buy them & start a counterfeit collection.”

Excerpt from Numismatic News, Sept. 4, 2012, page 78, 'Fake round can cause real
problem,’ by Patrick A. Heller:

“Counterfeit Engelhard 1 -ounce silver Prospector rounds have surfaced.
Engelhard was one of the most popular brand names of manufacturers of silver bars
and rounds up into the mid-to-late-l980s. Their I -ounce round silver Prospectors
are still highly desired by investors in physical silver, even though they have not been
made for a quarter-century.

At the ANA show, another dealer brought a few pieces of counterfeit
Prospectors to warn other dealers of their existence. The faces, which showed up in
Florida, had the proper diameter and thickness and weighed only about 0.5 grams
light. Such pieces would almost certainly fool the general public as well as dealers
who did not pay close attention. The bad pieces contained about 60% copper, 39%

S _ _ _ )

24

zinc and a smidgen of nickel, which was then silver-plated. The surfaces were mir¬
ror proof-like whereas most Prospectors have a frosty satiny look. The faces at the
ANA all had the large "E" in the center of the reverse inside a glove (as appeared on
earlier Prospectors) rather than the eagle that was used on later Prospectors. If a
few of these were mixed in a large bath of silver rounds, they could easily pass from
hand to hand without notice.’’

Along the same line, comes this correspondence between Doug Jennings and
Pete Smith, who wrote an article for the TAMS Journal:

“Hi Pete,

Took a while to send this, but your article in the TAMS Journal July/August issue
dissing on AR art bars as a collectible hurt. As far as most of the art bars on Ebay
being clad, that’s mainly the hucksters hoping to catch an unsuspecting buyer with
the cheap AR plated stuff. Same for the copper crap. There really is a market for
legitimate art bars, so if you company is doing nothing but melting them. I’d be glad
to make you offers for whatever you have and taken them off your hands at spot
+S1 or whatever you think is fair.

His reply:

Doug,

My boss is out of town this week. I will pass your message on to him. He may be
willing to see you some bars. I was explaining that we melt bars because we don't
have an outlet to sell them. If we can make more selling them intact, it makes sense
to do that. Currently we just throw bars in a tub. If we were selling them, we might
want to take a little better care of them.

And Doug's response:

Hi Pete,

Thanks for the quick reply. Because of the large silver melts over the years, many
common’ bars are quite scarce. Also, the quote in your article was "We don't sec
any special market for these beyond their bullion value.’’ Our club has over 250+
members. There have been 6 editions of books that explain and cover the scarcity of
AR art bars/rounds. There are a number of dealers that specialize in AR art bars/
rounds. If you would like additional information about this aspect as a hobby, I
would be more than glad to send you more of that information. Remember at one
time H & K dollars were considered junk, along with other types of tokens and
medals. AR art bars/round can be beautiful pieces of art that you can hold in your
hand and carry a value far above melt. Feel free to call or write me. I serve as the
sec/treas. for Micli-TAMS in addition to my IASAC duties.”

Michael Turrini sent a reminder of the 2012 CSNA 'Coin Collectors Retreat'
which has just passed (Sept. 29) and the upcoming Vallejo (California) Coin
Show which will be held on Sunday, May 5, 2013. For more information, email
him at EMPERORIg'juno.com.

Marion Kendrick sent a notice for the 49th annual Hawaii State Numismatic
Association Coin Show, to be held at the Havvaii Convention Center in Honolulu,

25

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November 2-4, 2012. For information call 808-486-4766. In addition to coins,
there are dealers of stamps, postcards currency and Hawaiiana.

Sandi & Dave Belcher writes, “Hope you had a great meeting with the other
members. Just sorry we could not make it! Thank you again for all your hard
work & dedication to our great club. Looking forward to hearing about the
meeting in the Bugle.”

Wishing Jan Henke a Speedy Recovery from recent eye surgery! He writes, “Will
be waiting for the next Bugle so 1 can read about the convention.”

Michelle Burke writes, “Nice looking round! Hope everyone had a great time in
Georgia. Wish we were there! Maybe next year."

Sue Golding says, “Great round - usual great artwork!”

Glenn Perry remarks, “As stated on round, “Everything is just Peachy!”

John Gillgren says, “The rounds arrived on 8/27. They are beautiful as always.”

Chris Geiner emails, “Got the rounds today. The enameling is amazing. I love
the black background with the glitter.”

D. V. Bryant writes, “Received Dalton, GA round today 8-25-12. Very cute!!
Should be a total sell out.”

Frank Rhoades found one of his rounds had a slight flaw, saying “This one has
‘peachy’ lady ‘flirting’ by ‘dropping’ her handkerchief. The mark is indented. I
would return but it is interesting and it looks as it fits the design.”

Robert Bongiovanni emails, “I must say the round are GREAT. The enamel one
is absolutely STUNNING. You drew a beautiful design. Love the colors on the
enamel also and the glitter!”

Thanks to everyone for their comments on the postal cards. Please remember to
return yours if you haven’t already.

V

J

26

MINI AUCTION

Ivan L. Rash has donated two bronze pieces, the 2011
Chicago convention bar and the 2012 Dalton round
which are colorfully enameled and stamped TLR’ and
numbered 000 on the reverse. Each comes with a
certificate of authenticity which is signed by Ivan.

You are bidding on Item 1 (Chicago) and/or Item 2
(Dalton). Starting bid on either is $18. The bidding
will close on October 31. Please send all bids to
IAS AC, P.O. Box 28415, Seattle WA 98118-8415.
Thank you.

Prices Realized - 2012 Auction

The minimum price on some items was reduced to facilitate a sale.
Items receiving no bids will be used as prizes for Brain Teasers, with
.the exception of #22, which was given to Fannie Kidd.

$15.00

8. $30.00

15. $31.00

$60.00

9. $8.00

16. $31.00

$45.00

10. $5.00

17. $40.00

$45.00

11. n.b.

18. $27.00

$35.00

12. $21.00

19. $2.00

$29.00 (x2)

13. $15.00

20. $32.00

$15.00

14. $46.00

21. $33.00

Lee DeBevoise #828 writes regarding the auction: “I was thrilled
to learn that I had won both the USSC and BASS silver rounds
at the recent club auction. I am especially happy about the BASS
silver round. You see, I’m a Life Member of BASS. My wife and I
also covered the BASSmasters Classic for almost 10 years for vari¬
ous publications. So that silver round holds a special place in our
hearts.”

V _

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- - - \

Recently Released

Gov Mint / NY Mint

Available only from the Government and New York Mint is a new rendition of the
prospector ingot. This 1 troy ounce silver bar depicts a prospector kneeling
alongside a stream, panning for precious metal. A four section Va ounce divisible
reverse has also been incorporated into the design for the conscientious collector or
a well prepared survivalist.

Available for the price of $49.95 each, additional savings for the purchase of greater
quantities is available.

Order by telephone (800) 721 - 0346 or online at govmint.com
Order by telephone (800) 642 - 9160 or online at newyorkmint.com

Silver Stampede

Silver Stampede is offering a freshly minted 1 troy ounce round, in celebration of
the release of the film Silver Circle. You may find information related to the movie
at www.silvercirclemovie.com.

Available for the price of $37.33 each but there is an opportunity' to save some
dough depending on payment method and quantity.

Order by telephone (877) 298 - 9079 or online at silverstampede.com

Silver State Mint

Silver State Mint has released a hand sculpted 3D relief silver 1 troy ounce divisible
bar, depicting limitless bends and curves and an American Western V4 ounce
divisible reverse. Although, the item is produced as “No Limit" the first 1,000 will
receive a hand numbered authenticity card, acrylic stand and leather storage bag for
the price of $59.98.

Also available is a limited quantity, hand sculpted 1 troy ounce mint coin.

Described as “One of the most beautiful coins in the world"'. A limited proof
mintage of 500 is available for $67.00 and a limited bullion mintage of 1,000 is
available for $57.00.

Order by telephone (702) 516 - 3587 or online at silverstatemint.com

It was expected member contact information would be published and mailed with
this edition of The Silver Bugle. However since membership has increased, greatly
due to referrals of current members, it was requested to acquire permission to
include new members for an accurate portrayal of current information. Requests
for consent will be mailed to new members and composed with those who have
already participated. Completed contact information will be mailed prior to the end
of the year. It is highly anticipated as being included with the December newsletter!

“Formal education will make you a living; self-education will make you a
fortune. ” - Jim Rohn

Best Regards, Joe

V _ _ _

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- - \

A Visit to River City Coins

By Bill HaHner

Back in 2004 I had been collecting silver art bars for about
two years. I probably had about two or three hundred bars in my
collection. I was dating a woman in Jackson, Missouri at the time.

On one of my weekend visits I asked her if she knew of any coin
shops in the area. She looked in the phone book, and found one
in Cape Girardeau. She took me to River City Coins, where I met
Mike Sprouse, a member LASAC also. I showed him my mem¬
bership card, and he welcomed me to the club. Mike and I have
been good friends since. When we walked into his store, I was
astounded at the amount of silver bars he had on display in glass
cases. 1 thought to myself that if 1 had the money I could make my
little collection worth bragging about. At the time I had to be really
selective at what I picked out to buy. I am the type of collector that
wants one of everything. I remember I bought my first Coca Cola
bar from Mike. At the time, I didn’t know he had boxes and boxes
of silver bars that he didn’t have room to display. Now I have about
3200 bars in my collection. When I visit Mike now, 1 look over
everything he has on display, and usually have all of them! Then I
start going through his boxes. That’s when 1 find something to buy!

I go to a lot of coin shows and coin shops in my area,
including Silver Towne. Mike still has the best selection of art
bars. 1 have bought hundred of bars from him. If you’re ever in
the Cape Girardeau area, I highly recommend you drop by his
store. 1 guarantee you will find something to add to your collec¬
tion. I always do.

It’s almost time to send in your dues. If your address label says
1/2013, then it’s time to renew. Please mail your check for $15
($20 foreign) payable to IASAC to Joe at P.O. Box 75, Tatamy PA
18085-0075? Or make it for two years instead and send $30!

V _ /

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CLASSIFIED ADS

r

WANTED: I would like lo buy these bars to complete some sets: CCM-8, CCM-56,
HAM -70, HAM-73. IASAC-3, LASAC-4, 1ASAC-8, LIN-23, ST-249. Contact BUI Haffner,
P.O. Box 1, Jonesburg MO 63351. Phone 636-488-3270.

SELLING MY STOCK of hundreds of bars and rounds. Call/ Writc/Email with your
wants. Dave Cutitta, 9190 Shepard Rd„ Batavia NY 14020-9742. dcutitta@rochester.
rr.com or phone 585-343- 1 308.

FOR SALE: Silversword Birthday Aloha bars. Very limited edition and some were
melted, $45 each plus a few silver & bronze sets for $55. Please add $5 postage 8c insur¬
ance. Make checks payable to Nancy Yee #006. P.O. Box 28415, Seattle WA 981 18-8415.

FOR SALE: USSC set - Man’s Contribution lo Man USSC-30 to USSC-41 in fine
condition; serial #s do not match. In original USSC box. Took me quite a while to put it
together, with the Disney being the most difficult to find. $550 plus $10 shipping. Ken
Klein #709, P.O. Box 5313, Eugene OR 97405. Phone 541-246-4969.

PARTICIPATE IN FUN Member Club Exhibits. Each member dub can now enter an
exhibit under the club’s name to compete for cash prizes. A club can submit one exhibit
on any numismatic subject. See www.funtopics.com and club the FUN Convention tab
then the Exhibits tab. Select Group D for rules. The deadline for entries is December 1,
2012.

Your one FREE 25-word classified ad is always available in a next
issue of The Silver Bugle, redeemable at anytime during the year.

The next deadline for advertisements is November 1 0, 201 2.

Here is my FREE 25-word classified ad
Please include a contact number and email address.

Name

I AS AC #

Email

Phonp

Send all advertisements to the Editor
PO Box 28415 Seattle, WA 98118-8415

30

International Association of Silver Art Collectors

The International Association of Silver Art Collectors (1ASAC), established in 1985, is dedicated to
tile silver round and art bar hobbyist, collector, dealer and producer. All persons interested in this
unique hobby are invited to join. The club regularly publishes its newsletter, ‘The Silver Bugle,” pro
viding some of the most interesting reading for you, the member. Not only do you receive advanced
notice of new rounds and bars, you may also take advantage of specials offered by the many 1A5AC
member-dealers. VVe also produce limited edition silver bars and rounds for our members, and
feature special contests for prizes. Isn’t it time for you to take advantage of the benefits available as a
member of IASAC?

Yes, I would like to join the largest Silver Art Club in the world. Please enroll me as a member of
IASAC.

Please Print

NAME: _

ADDRESS: _

CITY/STATE/ZIP+4: _ _

TELEPHONE: ( ) _ OCCUPATION: _

SIGNATURE: _ DATE: _

REFERRED BY: _ _

EMAIL: _ May we publish your email? Yes No

Junior members, age 17 and younger are also welcomed, with permission of their parent or
guardian. Junior members do not have voting rights, and dues are half that of regular members.

Parent/Guardian Signature: _ _ _

□ Mail to: LASAC Secretary Treasurer, P.O. Box 75, Tatamy PA 1 8085-0075

By accepting membership in IASAC, I agree to abide by the Bylaws of the club and to act with
integrity in all business transactions.

Dues are $20 for the first year; renewals are $1 5/year. International rates are $30 for the first year;
renewals are $20/year. Junior memberships/ renewals, domestic or foreign, are half the posted rates.

31